RE:I know where they f'ed up in the financingThey will be there again.I think it is still Valeant influence in health industry...
They are still around <the fire> there. Valeant fire not CXR , but because of the size of Valeant, the industry has again some influence.
Here’s Citron Research Andrew Left’s response to Valeant’s comments:
“There’s a difference between walking into a crowded theater and yelling fire and walking into a crowded theater, smelling smoke and saying ‘hey everybody, I think there may be a fire in here’,” Mr. Left said in response to Valeant CEO Michael Pearson’s remarks.
“Now people have had a chance to walk around the theater and check things out for themselves.”
Valeant Forms Board Committee to Review Philidor Arrangement
https://www.wsj.com/articles/valeant-forms-board-committee-to-review-philidor-arrangement-1445856795
fdfd12 wrote:
If you remember, the last time they bought a company, it was in March adn stock gaped up and stayed up and they financed at $85.
This time, it was an even greater purchase and the stock ws $110. They expected it to gap up which it did and go to $125 and they would finance 10% below that in US dollars.
Problem is that the stock didn't stay up.
They were shocked.